Air India disinvestment on track: DIPAM Secretary

Sarkaritel
By Sarkaritel June 28, 2019 10:42


New Delhi, June 28  Air India disinvestment is on track, DIPAM Secretary Atanu Chakraborty has said.

“On June 18, 2018, taking note of circumstances in which no bid was received on EOI/PIM floated on March 28, 2018, for strategic disinvestment of Air India, AISAM (Air India Specific Alternative Mechanism) categorically stated ‘govt remains committed to the strategic disinvestment of AI and its subsidiaries’,” Chakraborty tweeted on Thursday night.

“It may be noted that the disinvestment of one of the subsidiaries of AI, AIATSL got u nderway with its EOI/PIM published on 12.2.2019,” he said in another tweet.

The tweet came in the form of a clarification to correct comments earlier in the day by the Minister of State for Civil Aviation Hardeep Singh Puri, who told Parliament that conditions were still not right to attempt another sale.

“The present environment is not conducive to stimulate interest amongst investors for strategic disinvestment of Air India in the immediate ne ar future,” Puri said in Parliament, adding that the government would revisit the sale once global economic conditions become more favourable.

The Civil aviation Ministry also issued a statement to correct the comments.

Sarkaritel
By Sarkaritel June 28, 2019 10:42